Essential Guide

Project prioritization and portfolio management guide for CIOs

In this Midmarket CIO Briefing on project prioritization, learn how to effectively manage initiatives in your IT organization.

Introduction

In a business climate that demands fast, tangible results, organizations are establishing project and portfolio management (PPM) strategies to accomplish their IT goals. The aim of PPM is to determine the best sequencing and grouping of projects, as well as the proper allocation of resources to accomplish these tasks.

Strategic project prioritization allows project managers and their teams to analyze and manage current or proposed initiatives -- and if done properly, the results will speak for themselves. In this guide for SMB CIOs, learn how establishing project prioritization strategies can propel IT departments toward success.

This project prioritization guide is part of SearchCIO-Midmarket's Midmarket CIO Briefings series, which is designed to give IT leaders strategic management and decision-making advice on important technology and business issues.

1Timelines-

Don't sacrifice IT project timelines with your virtual teams

Run properly, virtual projects have three advantages that nonvirtual projects don't: diversity, locale-specific insights and working time. These advantages have a price, however. As you can imagine, the biggest cost of virtual projects is that they come with communication challenges. Mitigating these challenges will take not only additional resources but additional virtual-collaboration smarts as well.

To mitigate virtual collaboration risks best and to create a team that works, you must master the three biggest challenges of managing a virtual team: building a strong bond between your team members during the project kickoff, finding the right technology to foster virtual collaboration, and optimizing team coverage by organizing the project's leadership by geography.

Get contributor John Weathington's tips for building virtual teams that work well together and keeps projects on track.

Tip

Creating virtual teams that work without sacrificing project timelines

Managing virtual teams that work isn't easy. CEO John Weathington discusses project kickoff and the virtual collaboration tools that ensure success. Continue Reading

News

Uncertain economy has traditional project management falling behind

SaaS-based project and portfolio management tools for SMBs offer a plus besides cost -- in uncertain times, they're better at adapting to rapid change than traditional project management tools, say experts. Continue Reading

Tip

Proper BPM modeling keeps workflow automation moving

Before you dive headfirst into workflow automation, our expert Jonathan Hassell has some BPM modeling tips to ensure you'll succeed. Continue Reading

Tip

Automation improves business processes

One CIO looks at ways to get started improving business processes while saving big on the bottom line. Continue Reading

2Featured Videos-

Videos for better project prioritization

Want to hear PPM tips straight from the pros? You're in luck: Check out our video lineup.

Video

Video interview: Brian Wernham on agile government projects

Brian Wernham, author of Agile Project Management for government, discusses implementing agile methodologies in the public sector.

Video

PM trend 10: Identifying high-potential project managers

Because project management is such an important function, human resources professionals will be tasked more intensely with identifying high-potential project managers in 2012.

Video

McKnight: Agile methodology could be game changer for BI projects

Introducing an Agile methodology such as Scrum could help businesses pursue BI projects while maintaining the flexibility to deal with change.

Video

PM trend 1: Program management takes over from project management

Increasingly, large initiatives undertaken by corporations and government agencies are being recognised for what they are and aren’t: namely programmes, not projects, which require a highly advanced set of skills supported by appropriate tools and methods to successfully execute.

3Project Management-

Project management for improving mobile app turnaround time

Maxim CTO Michael Le Du is trying to sort through the same problem many IT leaders face these days: how to quickly turn around mobile apps on a budget.

And since competition is fierce in his business with plenty of other men's magazines jockeying for the attention of the coveted smartphone audience, Le Du might feel even more pressure than other CTOs when it comes to mobile project prioritization.

On the bright side, Le Du has a tried-and-true strategy. As a self-described "Agile Unitarian" (as opposed to "Agile dogmatist"), he plans to apply his Agile best practices of choice to mobile dev projects -- namely, small iterations with minimal features and functionality driven by end-user feedback.

Learn more about Le Du's approach to running mobile projects without sacrificing turnaround times.

News

Mobile app dev meets agile best practices

The demand for mobile apps and how quickly those apps need to change is persuading some companies to embrace agile best practices. Continue Reading

Tip

Keeping IT portfolio management on budget

Change the way you manage projects by adopting simple IT portfolio management: One CIO embraces PMO project management methods without killing his budget. Continue Reading

News

Conducting business over the mobile channel

Expert J Schwan explains how 'random acts of mobile' are marring mobile channel strategies and why he preaches a mobile app dev user first approach. Continue Reading

News

The culture of Agile project management

Lean and Agile practices are all the rage at companies of all sizes, but culture is king when it comes to Agile project management success. Continue Reading

4Vocabulary-

Project prioritization terms to review

Think you know it all? Take some time to brush up on these PPM-oriented terms.

5Portfolio Management-

Keys for creative project management and prioritization

For many IT organizations, creative project management solutions remain a significant challenge -- and the lack of them leads to implementation delays, incorrect functioning, blown budgets and outright project failure. It doesn't have to be that way.

Two stages of the project management lifecycle are often overlooked or rushed through, but if organizations were able to get them right, many more projects would succeed. The secrets of creative project management are prioritization and cross-functional project teams.

Before you can even start gathering business requirements, your project needs to be assigned the right priority. If your organization is experiencing major problems with IT projects, look at the way you prioritize them, and examine what might be going wrong.

Learn how to identify potential trouble spots in your project prioritization strategy in the full tip from Scott Lowe.

Tip

Project teams and prioritization: Keys for creative project management

CIOs must master creative project management to achieve business goals. The right project teams and prioritization are the secrets to success, Scott Lowe explains. Continue Reading

Tip

Read how lean and Agile project processes can improve BPM efforts

By using Lean processes, such as minimizing waste and maximizing value, midmarket CIOs can get more out of their BPM tools and technologies. Learn three ways to make this happen. Continue Reading

Tip

Do you understand your PPM solution?

Embracing a PPM solution is tough work. Jonathan Hassell discusses the difference between good project and portfolio management and “good enough.” Continue Reading

News

Free PICK chart templates for project prioritization

Use these free PICK chart templates as a resource to help IT and the business organize ideas and prioritize IT projects. Continue Reading

6Quiz-

Project and portfolio evaluation, management quiz for CIOs

The aim of portfolio and project management (PPM) and evaluation is to determine the best timeline for acting upon initiatives in order to boost the bottom line and achieve business goals. As IT leaders, CIOs must analyze and nurture technology projects, ensuring that the most profitable and pressing initiatives get top billing and ample resources.

Do you know enough about effective project and portfolio evaluation in the IT space to keep your organization moving forward? Test your knowledge by reviewing some of our recent news and tips and by taking our quiz.

Take the quiz